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Published on 4/8/2011 in the Prospect News Structured Products Daily.

Barclays plans two-year buffered Super Track notes on S&P 500 index

By Susanna Moon

Chicago, April 8 - Barclays Bank plc plans to price 0% buffered Super Track notes due April 30, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 12% to 16.5%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Barclays Capital Inc. is the agent.

The notes will price on April 26 and settle on April 29.

The Cusip is 06738KGZ8.


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